India's rupee forecast to weaken toward 100-per-dollar level even as RBI pushes back

Fund outflows and a rising energy bill are expected to keep putting pressure on India's rupee, even as the central bank works to slow depreciation. Over the last several days, the currency has recovered from 96.79 rupees per dollar to the 95-level, aided by the Reserve Bank of India's latest measures. But while those will provide short-term relief, the currency is expected to weaken toward the end of the year and mid-2027, and a 100 rupee-per-dollar mark could not be ruled out, strategists said.